Sassy Gold Announces Cease Trade Order
Sassy Gold (OTCQB:SSYRF / CSE:SASY) announced that the British Columbia Securities Commission issued a Failure-to-File Cease Trade Order (FFCTO) dated November 3, 2025, under Multilateral Instrument 11-103.
The FFCTO arose because the company did not file its annual audited financial statements, MD&A, and certification for the year ended June 30, 2025. Trading in Sassy securities is prohibited in Canadian jurisdictions that adopted MI 11-103 until the FFCTO is revoked or varied.
The company says it currently lacks the financial resources to complete the audit and is assessing strategic alternatives and potential capital sources, but offers no timing or outcome assurances.
Sassy Gold (OTCQB:SSYRF / CSE:SASY) ha annunciato che la British Columbia Securities Commission ha emesso un Ordine di sospensione per mancata presentazione (FFCTO) datato 3 novembre 2025, ai sensi del Multilateral Instrument 11-103.
Il FFCTO è stato emesso perché la società non ha presentato i bilanci annuali auditati, MD&A e certificazione per l’esercizio chiuso al 30 giugno 2025. Il trading delle azioni Sassy è vietato nelle giurisdizioni canadesi che hanno adottato MI 11-103 finché il FFCTO non sarà revocato o modificato.
L’azienda afferma di non disporre attualmente delle risorse finanziarie necessarie per completare la revisione contabile e sta valutando alternative strategiche e potenziali fonti di capitale, ma non fornisce tempi o garanzie sugli esiti.
Sassy Gold (OTCQB:SSYRF / CSE:SASY) anunció que la Comisión de Valores de British Columbia emitió una Orden de Cese de Operaciones por Falla de Presentación (FFCTO) con fecha del 3 de noviembre de 2025, conforme al Instrumento Multilateral 11-103.
El FFCTO surgió porque la compañía no presentó sus estados financieros anuales auditados, MD&A y certificación para el año terminado el 30 de junio de 2025. La negociación de valores de Sassy está prohibida en las jurisdicciones canadienses que adoptaron MI 11-103 hasta que el FFCTO sea revocado o modificado.
La compañía afirma que actualmente carece de los recursos financieros para completar la auditoría y está evaluando alternativas estratégicas y posibles fuentes de capital, pero no ofrece plazos ni garantías de resultado.
Sassy Gold (OTCQB:SSYRF / CSE:SASY)는 2025년 11월 3일자 Multilateral Instrument 11-103에 따라 브리티시컬럼비아 증권위원회가 발행한 제출 실패로 인한 거래중단 명령(FFCTO)를 발표했습니다.
FFCTO는 회사가 2025년 6월 30일 종료 연도에 대한 연간 감사 재무제표, MD&A 및 인증을 제출하지 않아 발생했습니다. MI 11-103를 채택한 캐나다 관할구역에서 Sassy의 증권 거래는 FFCTO가 취소되거나 변경될 때까지 금지됩니다.
회사는 현재 회계 감사 완료에 필요한 재정 자원이 부족하다고 말하며, 전략적 대안과 잠재적 자본원을 평가하고 있지만 시기나 결과에 대한 보장은 제공하지 않습니다.
Sassy Gold (OTCQB:SSYRF / CSE:SASY) a annoncé que la British Columbia Securities Commission a délivré un Ordre de cessation de négociation pour défaut de dépôt (FFCTO) daté du 3 novembre 2025, en vertu de l’Instrument multilatéral 11-103.
Le FFCTO est survenu parce que la société n’a pas déposé ses états financiers annuels audités, le MD&A et la certification pour l’exercice se terminant le 30 juin 2025. La négociation des titres Sassy est interdite dans les juridictions canadiennes ayant adopté le MI 11-103 jusqu’à ce que le FFCTO soit révoqué ou modifié.
La société indique qu’elle ne dispose actuellement pas des ressources financières pour compléter l’audit et elle évalue des alternatives stratégiques et des sources de capital potentielles, mais n’indique ni calendrier ni garanties quant à l’issue.
Sassy Gold (OTCQB:SSYRF / CSE:SASY) gab bekannt, dass die British Columbia Securities Commission am 3. November 2025 gemäß dem Multilateral Instrument 11-103 ein Cease Trade Order bei Nichtvorlage (FFCTO) erlassen hat.
Das FFCTO entstand, weil das Unternehmen seine jährlich geprüften Finanzabschlüsse, MD&A und Zertifizierung für das am 30. Juni 2025 endende Geschäftsjahr nicht eingereicht hat. Der Handel mit Sassy-Wertpapieren ist in kanadischen Rechtsgebieten, die MI 11-103 übernommen haben, verboten, bis das FFCTO widerrufen oder geändert wird.
Das Unternehmen erklärte, dass es derzeit nicht über die finanziellen Ressourcen verfüge, um die Prüfung abzuschließen, und prüft strategische Alternativen und potenzielle Kapitalquellen, gibt jedoch weder Fristen noch Ergebnisseignheiten an.
Sassy Gold (OTCQB:SSYRF / CSE:SASY) أعلنت أن هيئة الأوراق المالية في كولومبيا البريطانية أصدرت أمر وقف التداول بسبب الفشل في التقديم (FFCTO) بتاريخ 3 نوفمبر 2025، وفق Instrument متعدد الأطراف MI 11-103.
نشأ FFCTO لأن الشركة لم تقدم بياناتها المالية السنوية المدققة، وMD&A، والشهادة للسنة المنتهية في 30 يونيو 2025. يحظر التداول في أسهم Sassy في الولايات القضائية الكندية التي اعتمدت MI 11-103 حتى يتم سحب FFCTO أو تغييره.
تقول الشركة إنها currently تفتقر إلى الموارد المالية اللازمة لإكمال التدقيق وتقيّم بدائل استراتيجية ومصادر رأسمالية محتملة، لكنها لا تقدم جداول زمنية أو تأكيدات للنتيجة.
- Management is assessing strategic alternatives and potential capital
- Company disclosed the FFCTO and filing shortfalls openly
- FFCTO prohibits trading in Canadian jurisdictions adopting MI 11-103
- Missing annual audited financial statements for year ended June 30, 2025
- Missing annual MD&A and certification of annual filings
- Company lacks financial resources to complete its audit
VANCOUVER, BC / ACCESS Newswire / November 5, 2025 / Sassy Gold Corp. (CSE:SASY)(OTCQB:SSYRF)(FSE:4E7) ("Sassy" or "the Company") announces that the British Columbia Securities Commission ("BCSC") has issued a Failure-to-File Cease Trade Order ("FFCTO") dated November 3, 2025, pursuant to Multilateral Instrument 11-103 - Failure-to-File Cease Trade Orders in Multiple Jurisdictions.
The FFCTO was issued as a result of the Company's failure to file the following periodic disclosure documents for the financial year ended June 30, 2025:
Annual audited financial statements;
Annual management's discussion and analysis ("MD&A"); and
Certification of annual filings.
As a result, trading in the securities of Sassy is prohibited in each jurisdiction of Canada that has adopted Multilateral Instrument 11-103, until such time as the FFCTO is revoked or varied in accordance with applicable securities laws.
The Company currently lacks the financial resources necessary to complete its audit and related continuous disclosure obligations. Management continues to assess strategic alternatives and potential sources of capital but can provide no assurance as to the timing or outcome of any such efforts.
About Sassy Gold Corp.
Sassy Gold Corp. is a Canadian junior exploration company focused on advancing its gold and precious metal projects in Newfoundland and Labrador. The Company's projects include the Gander North Project and other exploration-stage assets in Eastern Canada.
Contact Information
Mark Scott
Chief Executive Officer
info@sassygold.com
Caution Regarding Forward Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including but not limited to statements regarding the Company's financial condition, potential funding efforts, strategic options, and the possible revocation of the cease trade order.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks include, but are not limited to, the Company's ability to secure financing, dependence on regulatory and third-party approvals, loss of key personnel, general economic conditions, commodity price fluctuations, and the risk that the Company may be unable to maintain its reporting issuer status or corporate existence. The Company cautions readers that there can be no assurance that it will obtain additional financing, complete its required filings, or have the FFCTO revoked. Forward-looking information speaks only as of the date of this release, and the Company assumes no obligation to update or revise it except as required by applicable law.
Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with applicable securities regulatory authorities and may be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sassy Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What does the November 3, 2025 FFCTO mean for Sassy Gold (SSYRF) trading?
Which filings did Sassy Gold (SSYRF) fail to file for year ended June 30, 2025?
Why did the BCSC issue a Failure-to-File Cease Trade Order for Sassy Gold (SSYRF)?
Has Sassy Gold (SSYRF) explained how it will complete the audit?
When will the FFCTO on Sassy Gold (SSYRF) be revoked?
